General Dynamics Corp. Smaller Profit

April 29, 1986|By Deanne Brandon

General Dynamics Corp. reported first-quarter profit of $70.1 million, down from $92.7 million in the same period a year earlier. Sales were $2.1 billion, up from $1.9 billion. The St. Louis-based defense contractor attributed the decrease in earnings to losses by a new acquisition, Cessna Aircraft Co.